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Finance Watch: BioAge Raises $198m In 20th Biopharma IPO Of 2024

Cardiovascular Restructuring Under Way At J&J

 
• By Mandy Jackson

Public Company Edition: BioAge will fund a Phase II trial of its muscle atrophy prevention drug in combination with an obesity drug with its initial public offering proceeds. Also, Ascendis and Wave raised $281.3m and $200m, respectively, after positive clinical trial readouts.

Finance Watch Public Company
• Source: Alamy

BioAge Labs, Inc. switched the development focus for its lead drug candidate, the small molecule apelin receptor (APJ) agonist azelaprag, from age-related muscle loss to prevention of muscle loss in individuals taking GLP-1 agonists for weight loss, and the strategic shift propelled the firm’s significant initial public offering – the 20th biopharmaceutical IPO in the US in 2024.

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